News blog
Turbotec Products
- BY: Andrew Hore |
- POSTED: 13/02/2008 |
Heat exchangers and flexible connections manufacturer Turbotec Products has made more profit in nine months than the whole of last year.
Revenues grew 21% to $20.9m in the nine months to December 2007, while pre-tax profit jumped 59% to $2.2m. It made profits of $1.88m in the year to March 2007. Net debt has fallen to $30,000.
Gross margins increased from 22% to 26.3%. This was achieved through a favourable product mix, production efficiency and success in passing on raw material prices.
The greater efficiency of the group’s products is helping to offset the weak US housing market.
The shares were unchanged at 80.5p.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|